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Appealing for Change

By

Alistair Lindsay

Updated Dec. 14, 2005 12:01 a.m. ET

The GE/Honeywell appeal highlights the need to set up a specialist tribunal to hear appeals in merger cases. The Court of First Instance is expected to issue a ruling on the companies' appeal today -- more than four years and five months after the European Commission blocked the deal because it might harm the firms' rivals. This delay is shameful, even allowing for the fact that the companies were in no rush as they were fighting for a principle, not to save a live transaction. A specialist tribunal could take decisions more...